As noted earlier, SunTrust upgraded Continental Resources to Buy from Neutral. Analyst Neal Dingmann believes that the company is becoming efficient as its focuses on higher return on revenue resources in Oklahoma's STACK play, completes more wells in the South Central Oklahoma Oil Province, and enhances its ability to ramp its Bakken production next year. Dingmann expects the company's 2017 production to significantly beat expectations.

Canaccord noted Continental Resources is the largest leaseholder in the Williston Basin and a pioneer in the development of SCOOP and STACK plays in Oklahoma. The company is achieving impressive results and Canaccord sees considerable upside that is not yet reflected in the stock price. Canaccord reiterated its Buy rating and $50 price target on Continental Resources shares.